The Competent Authority shall prescribe rules governing the applicable scope, work procedures, required public announcements, required filings, and other matters for compliance for major financial or operational actions of public companies such as acquisition or disposal of assets, engaging in derivatives trading, extension of monetary loans to others, endorsements or guarantees for others, and disclosure of financial projections.
Any person who commits any of the following offenses shall be punished with a fine of not less than NT$120,000 and not more than NT$600,000:
1.Violation of the provisions of Paragraph 1 or Paragraph 3 of Article 14-1, Paragraph 1 or Paragraph 2 of Article 22-2, Paragraph 1, Paragraph 2 or Paragraph 4 of Article 25, Article 26-1, Paragraph 4 of Article 36, Article 41, Paragraph 1 of Article 43-1, Paragraphs 5 to 7 of Article 43-6, Article 58, Paragraph 1 of Article 69, Article 73, Article 77, Article 79, Article 141, Article 144, Paragraph 2 of Article 145, Article 147, Article 152 or Article 159.
2.If any issuer or public tender offeror or related persons thereof, securities firm or its principals, securities dealers association, stock exchange, or any other enterprise referred to in Article 18 fails to submit account books, forms/statements, documents, or other reference or report materials within the time period specified in an order issued by the Competent Authority, or refuses or impedes the inspection initiated by the Competent Authority pursuant to the laws.
3.If any issuer, public tender offeror, securities firm, securities dealers association, stock exchange, or any other enterprise referred to in Article 18 fails to comply with relevant rules in the preparation, submission, public announcement, maintenance, or storage of the account books, forms/statements, vouchers, financial reports or other relevant business documents as required by the laws, or as required by orders issued by the Competent Authority pursuant to the laws.
4.If any person violates the shareholding percentage requirements of directors and supervisors of publicly issued companies prescribed by the Competent Authority in accordance with Paragraph 2 of Article 26, and the enforcement rules for auditing the shareholdings thereto.
5.Violation of the provisions of Paragraph 2, Paragraph 4 through 7 of Article 28-2, and the matters prescribed by the Competent Authority in accordance with Paragraph 3 of Article 28-2.
6. Violation of the provisions of Paragraph 1 of Article 43-2, Paragraph 1 of Article 43-3, Paragraph 1 of Article 43-5, or matters prescribed by the Competent Authority in accordance with Paragraph 4 of Article 43-1.
Where any person who has committed the offenses referred to in Items 2 through 4 of the preceding Paragraph has been fined and ordered to comply within the time period prescribed by the Competent Authority but fails to comply within the specified period, the Competent Authority may order a new period for compliance and impose additional fines of not less than NT$240,000 and not more than NT$1,200,000 for each successive failure to comply until corrective action has been taken.